Podesta Urges Against Prolonged Action on Fiscal Hurdles

A significant postponement of spending cuts and tax-cut expirations set to kick in Jan. 1 would be a “disaster” for U.S. fiscal credibility and for President Barack Obama’s ability to govern if he is re-elected, said John Podesta, a former White House chief of staff to President Bill Clinton.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.